Aviso Financial Inc. Has $138,000 Holdings in Intercontinental Hotels Group $IHG

Aviso Financial Inc. increased its position in Intercontinental Hotels Group (NYSE:IHG) by 100.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,197 shares of the company’s stock after acquiring an additional 599 shares during the quarter. Aviso Financial Inc.’s holdings in Intercontinental Hotels Group were worth $138,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IHG. Brooklyn Investment Group increased its stake in shares of Intercontinental Hotels Group by 219.5% in the first quarter. Brooklyn Investment Group now owns 246 shares of the company’s stock worth $27,000 after purchasing an additional 169 shares during the period. Hilltop National Bank acquired a new stake in Intercontinental Hotels Group in the 2nd quarter valued at approximately $41,000. SVB Wealth LLC acquired a new stake in Intercontinental Hotels Group in the 1st quarter valued at approximately $76,000. MAI Capital Management increased its position in Intercontinental Hotels Group by 330.6% in the 2nd quarter. MAI Capital Management now owns 676 shares of the company’s stock worth $78,000 after buying an additional 519 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Intercontinental Hotels Group during the first quarter worth approximately $104,000. 15.09% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group Stock Performance

Shares of IHG opened at $134.48 on Wednesday. The company has a 50-day moving average price of $123.91 and a two-hundred day moving average price of $120.47. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $137.25.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Morgan Stanley raised shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen cut shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Intercontinental Hotels Group Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.